FACT SHEET: President Obama’s Plan to Help Responsible Homeowners and Heal the Housing Market | The White House

From: The White House "In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing…


Banks Overwhelmed by Mortgage Refinancing After Job Cuts

Sept. 2 (Bloomberg) -- Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge. “There’s just so much volume,” said Kristin Wilson, a…


U.S. judge pans rush in BofA $8.5 billion mortgage pact

(Reuters) - A judge questioned why Bank of America Corp's $8.5 billion settlement with mortgage securities investors was being rushed for approval and whether the trustee that negotiated it treated…